Manipal Payment & Identity Solutions IPO Final Day: GMP ₹37 (₹-1)

Alright folks, it’s the final curtain call for the Manipal Payment & Identity Solutions IPO on the NSE mainboard. Today marks Day 3, the closing day, and we’re here to dissect exactly where we stand. As the clock ticks down, investors are making their final decisions, and the numbers are starting to paint a clearer picture. It’s been an interesting ride so far, and the last few hours are always the most crucial.

Subscription Status

As of the latest updates, the subscription figures for Manipal Payment & Identity Solutions IPO are showing 0x across all categories – Retail, NII (Non-Institutional Investors), and QIB (Qualified Institutional Buyers). This is quite unusual for a Day 3 closing. Typically, by the final day, we’d expect to see some significant oversubscription, especially in the retail segment. The absence of any subscription numbers, even at the start of the day, is something to watch closely. It could indicate a cautious approach from investors, or perhaps a last-minute rush is still on the cards. We need to see if the interest picks up in these final hours. The lot size is 44 shares, so for retail investors, that’s a manageable entry point. The total subscription being 0x is definitely a point of discussion. It’s not necessarily a red flag yet, but it’s certainly not a sign of overwhelming demand at this stage. We’ll be keeping a keen eye on how this develops in the remaining time.

GMP Update

Now, let’s talk about the Grey Market Premium (GMP). The current GMP for Manipal Payment & Identity Solutions IPO stands at ₹37. Yesterday, it was hovering around ₹38, so we’ve seen a slight decrease of ₹1. While this isn’t a dramatic drop, it does suggest a minor cooling of speculative interest. The expected listing price, based on this GMP and the issue price of ₹339, is around ₹376 (₹339 + ₹37). This is still a respectable premium, offering a decent potential gain on listing day. However, the slight dip is a reminder that GMPs are dynamic and can be influenced by various market sentiments and subscription levels. It’s always wise to remember that GMPs are unofficial indicators and shouldn’t be the sole basis for your investment decisions.

Should You Apply?

So, the big question: should you still be applying for the Manipal Payment & Identity Solutions IPO on its closing day? The subscription status being at 0x across the board is certainly a head-scratcher and might make some investors hesitant. It doesn’t scream ‘massive demand’ right now, which can be a concern. However, that said, the GMP is still holding steady, suggesting that there’s still a positive sentiment and a potential listing gain of around 10.9% (₹37 on ₹339). This could be attractive to short-term traders. For long-term investors, the fundamentals of the company will be more important, and you’ll want to do your own due diligence beyond just the subscription numbers and GMP. Remember, SEBI registered investment advisors are always a good resource for personalized advice. The IPO period is from 2026-09-09 to 2026-09-11, so you still have a little time to make up your mind. The bottom line is, it’s a mixed bag. If you’re comfortable with a bit of uncertainty in subscription and banking on the GMP for a quick listing gain, it might be worth considering. If you prefer seeing strong subscription numbers as a validation of demand, you might want to hold back. Always invest according to your risk appetite.

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